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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 2 sources · 11 days · First seen · Last updated

OppFi Q2 2026 financial performance

Overview

OppFi reported record revenue of approximately $145 million for the second quarter, representing a 2% year-over-year increase. However, the company experienced a 27% decline in adjusted net income, which fell to roughly $29 million compared to $39.4 million in the prior-year period.

This decline in profitability was linked to increased acquisition-related fees from the pending purchase of BNC National Bank, one-time corporate simplification expenses, and delays regarding a new line of credit product and the LOLA system migration. Furthermore, tightened underwriting in specific customer segments resulted in a 9% year-over-year decline in originations to $212 million. Following these results, OppFi shares dropped nearly 25% and the company lowered its full-year 2026 guidance for both revenue and adjusted net income.

Entities

OppFi · BNC National Bank · Oppenheimer Holdings Inc. · Robert S. Lowenthal · Pam Johnson

Timeline

  1. 13 days ago

    [BUSINESS] 2 sources
    OppFi shares drop nearly 25% following Q2 earnings miss

    OppFi shares dropped nearly 25% after reporting record Q2 revenue of $145 million but missing profit estimates due to acquisition costs and lowered full-year guidance.

  2. 24 days ago

    [BUSINESS] 2 sources
    Oppenheimer Holdings posts $27.4 M Q2 profit, cites $24.9 M stock‑linked compensation cost

    Oppenheimer Holdings posted $27.4 M Q2 net income on $454.9 M revenue, but a $24.9 M stock‑linked compensation cost lowered reported earnings; adjusted profit was $45.7 M.

Sources

mommygearest.com · otravel.com